Examples of Net Monthly Excess Cash Flow in a sentence
Realized Losses on the Loans for any Distribution Date will first, cause a reduction in Net Monthly Excess Cash Flow for that Distribution Date and second, cause a reduction in the Certificate Principal Balance of the Class CE Certificates for that Distribution Date, until the Certificate Principal Balance thereof has been reduced to zero.
The failure to pay any Net Monthly Excess Cash Flow at any time when funds are not available to make such payment as provided in the Indenture shall not constitute an Event of Default under the Indenture.
Realized Losses on the Group I Loans for any Distribution Date will first, cause a reduction in Net Monthly Excess Cash Flow for that Distribution Date, second, reduce the available Net Swap Payments from the Swap Providers, if any, for that Distribution Date, and third cause a reduction in the Group I Certificate Principal Balance of the Class I-CE Certificates for that Distribution Date, until the Group I Certificate Principal Balance thereof has been reduced to zero.
In addition, on any Distribution Date for which the Overcollateralization Amount is equal to the Required Overcollateralization Amount and any Basis Risk Shortfall Carry-Forward Amount exists, which would not otherwise be covered by amounts currently in the Reserve Fund, a portion of the Net Monthly Excess Cash Flow will be deposited in the Reserve Fund as described herein.
Realized Losses on the Group II Loans for any Distribution Date will first, cause a reduction in Group II Net Monthly Excess Cash Flow for that Distribution Date, second, reduce available Net Swap Payments from the related Swap Providers, if any, for that Distribution Date, and third cause a reduction in the Group II Certificate Principal Balance of the Class II-CE Certificates for that Distribution Date, until the Group II Certificate Principal Balance thereof has been reduced to zero.